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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 28, 1935
Page
7
The document details Duke Power Company surplus and stock dividends totaling 53.50 million dollars in par value. It notes additional surplus from stock valuations, intercompany profit on security exchanges, and write-ups of fixed assets as of August 31, 1923 contributing to dividends paid by subsidiaries.
Gurney Briggs will be in charge of the program for the meeting scheduled next week, taking on the duties of coordinating speakers and activities.
The Eastern district Wesleyan Methodist convention convenes tonight at the First Wesleyan Methodist Church at Newton and Meadow streets. The schedule runs through Sunday with services led by local and visiting pastors and includes sermons, devotionals, testimonies, and a missionary message.
High Point College will hold an investiture for 38 senior class members at 10 10 tomorrow morning in the college auditorium. Dr C R Hinshaw, chair of the ceremonies committee, will preside and Dr Humphreys, the president, will invest the seniors and deliver the address. Seniors will wear caps and gowns at Friday chapel and on special occasions. public invitation is extended.
Miss Eurelia Smart former Civil Works Administration administrator visits the North Carolina Emergency Relief Administration office. She returns from New York School of Social Work and will begin duties soon as social service supervisor for PRA handling relief services in Ashe Alleghany Wilkes Surry Yadkin and Watauga counties from headquarters in North Wilkesboro.
A Raleigh dispatch reports a legislative committee leaving to inspect the state hospital for the insane at Morganton. The group will review general conditions, nurses’ hours, and outdated methods, led by Senators Burrus and Shute with Representatives Andrews Thomas and Rouse.
Members of the High Port Rotary club met at the Sheraton hotel at noon for an informal program. Topics ranged from a South Carolina deer hunting custom to a review of Walter Pitkin's New Times and New Thinking. Georges Semple of New York and Will L. Graves of the Soil Erosion Service attended as guests.
The Duke Power company said securities were not issued on the basis of the write ups and that appraisal increases were not used to prejudice the investing public. The amount cited was $20 335 334 84.
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